Trade Resources Industry Views Berry Global Buys Clopay Plastic Products for $475m

Berry Global Buys Clopay Plastic Products for $475m

Berry Global Group has completed the acquisition of Clopay Plastic Products from Griffon for $475m.

Clopay, which provides printed breathable films, is also involved in the development of elastic films and laminates for use in applications such as hygiene, healthcare, construction and industrial protective apparel.

The firm also produces a range of mono and multi-layer films and laminates suitable for different applications.

Based on the customer requirements, the firm will customize the product with an ability to tailor roll dimensions, emboss patterns, adhesive or release-coat, extrusion laminate or corona treat.

With around 1,500 employees, Clopay carries out operations through its locations in the US, Germany, Brazil and China.

Berry chairman and CEO Tom Salmon said: “We are extremely excited to complete the acquisition of Clopay and to welcome the Clopay team to our organization.

“The combination of Clopay with our Heath, Hygiene, & Specialties division strengthens our position within the attractive health and hygiene markets and broadens our presence as a global supplier to many of the leading consumer and industrial product manufacturers which we already serve.”

Based in Evansville of Indiana, Berry Global supplies a range of non-woven, flexible, and rigid products to the consumer and industrial end markets.

In 2016, Berry also acquired AEP Industries, a North American manufacturer of flexible plastic packaging films, for $765m including debt.

New Jersey-based AEP manufactures a range of flexible plastic packaging products for consumer, industrial, and agricultural applications.

The company employs 2,600 people and operates 14 manufacturing facilities in the US and Canada.

Contribute Copyright Policy